Low volume...

[ancona]

Has anyone else been watching the absolutely abysmal volume on the DOW? This is probably worse than last year. It's almost as if the banking centers are trading amongst themselves from their prop desks, because Mom and Pop left the party a long time ago. Two of my retired friends pulled all their shekels out when the market recovered and peaked pretty recently. They are long cash and gold. One of them bought sixteen acres in the St. Johns river area that is pretty nice and has a little spring on it.

I think this is looking more and more like 2008, and anyone still in paper had better have their big boy pants on, because I believe shit is about to get real again, only this time there won't be any bail outs.

 

[benjamen]

Stocks have been on a continuous upward track for the past 3-4 years. They are quite overdue for a correction. Unfortunately, there are few other options for investing*. Where else are you going to turn; bonds? Treasuries? Real Estate?



*My definition of investing is to buy something that returns a stream of income. Buying something with the hope of selling it later for a higher amount is gambling. Buying an asset such as gold to maintain purchasing power is saving

 

[rblong2us]

Heh

its that old buy and hold strategy

why would anyone sell anything when its all going up all the time.